The credit policy is an essential document for every business, and especially for businesses in the construction industry. If your company is struggling to collect payments or looking to reduce your DSO, then a strong credit policy can support your collections efforts, reduces human error and confusion, and mitigates risk on every project.
Included in the Credit Policy Sample are:
- Expert annotations and notes
- Sample Mission Statement
- Sample Policy Goals and
- Evaluation considerations for new customers
- Credit Re-evaluation Guides
- Sample Lien, Notice, and UCC Policies
- Collection Policy Framework
- Litigation Policy Framework
This sample credit policy prepared by Levelset, will help your team get more in sync and be more productive. You can edit the sample to fit the needs of your business.